Europe faces looming jet fuel shortage: 'Six weeks of fuel left', energy boss warns

A major shipping chokepoint's closure threatens to ground flights across Europe and Asia, with an industry leader warning of just six weeks of fuel remaining. | Contesto: cronaca

Punti chiave

• Europe faces looming jet fuel shortage: 'Six weeks of fuel left', energy boss warns

Contesto

The global aviation sector is bracing for severe disruption as a prolonged blockage of the Strait of Hormuz threatens to exhaust European jet fuel reserves within six weeks, a senior energy executive has warned. The crisis, unfolding ahead of the critical summer travel season, raises the specter of widespread flight cancellations across Europe and Asia as supply chains for aviation fuel are critically constricted. The immediate cause is the ongoing closure of the Strait of Hormuz, a narrow maritime passage between the Gulf of Oman and the Persian Gulf through which roughly one-third of the world's seaborne oil trade flows. This chokepoint is a vital artery for Middle Eastern crude and refined products, including jet fuel, destined for global markets. Its continued blockage has severed a primary supply route, creating a logistical bottleneck that is rapidly depleting inventories in consuming regions. For airlines and passengers, the impact is already being felt financially, even before potential operational chaos. Carriers worldwide have been forced to implement successive rounds of fare increases over recent months, directly attributing them to skyrocketing fuel costs. These rising operational expenses are being passed down to travelers, making air travel significantly more expensive and threatening to dampen demand during what is traditionally the industry's most profitable period. The warning of a mere six-week fuel buffer in Europe underscores the fragility of just-in-time supply networks in the face of geopolitical instability. While strategic reserves exist for crude oil in many nations, specific refined products like jet fuel are often held in more limited commercial stocks. The simultaneous threat to Asia, another major aviation market reliant on Middle Eastern supplies, indicates a crisis of global scale. Competition for alternative fuel cargoes from refineries in the United States, India, and elsewhere is likely to intensify, driving prices higher still and testing the resilience of global shipping and refining capacity. The looming shortage presents airline executives and government officials with a series of unpalatable choices. Contingency planning...

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Categoria: cronaca